Complaint alleges software company misled investors about its cybersecurity practices and known risks October 30, 2023/US SEC The Securities and Exchange Commission today announced charges against Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly […]
Frauds & Scandals
SEC Charges BlackRock with Failing to Properly Disclose Investments by Publicly Traded Fund it Advised
October 24, 2023/US SEC The Securities and Exchange Commission today charged BlackRock Advisors, LLC, an investment adviser, for failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it advised. To settle the charges, BlackRock agreed to pay a $2.5 million […]
SEC Obtains Emergency Relief To Halt Nearly $130 Million Fraud Targeting Indian American Community
October 16, 2023/US SEC The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, and other emergency relief to halt an ongoing fraud targeting the Indian American community that has raised nearly $130 million since April 2021. The fraud is allegedly being conducted by […]
